As learning
throughout the journey from achieving my first 1 Million SGD, with the guidance
and advices from various well-known financial advisers and bloggers, one of the
basic of achieving your financial goals is to track your expenses. By tracking
your expenses, it could indirectly help you to further your planning on your
savings and keep track on your direction to gain more income as well.
I
had summarized my spending for 2017 with the monthly expenses recorded every
month via Seedly mobile apps. Thank you to the free apps provided by Seedly.sg
which is a useful tool for achieving my financial goals.
I only
started to use Seedly mobile apps to track my monthly expenses started from
September 2017. Therefore, I only able to capture my expenses records for 2017
from September till December, which is about 4 months. Although this might not
provide a very accurate expenses records, but at least the average spending per
month could be some guide of the rough estimation of monthly expenses. This
could help me to plan my expense budget for 2018.
Total Spending :
$6,443.27
Estimated Spending (per year) : $19,329.81
Average Spending (per month) : $1,610.82
I
had also projected my monthly expenses into a chart formatting for a view of
the spending trend. The trend seems to increase from September onward with
incremental month by month. This is also due to holidays and festive seasons on
year end. It is the time where we used to plan to grab cheap sales that we had
long controlled our tempting to purchase the items we want before the sales. The
unavoidable season where shopping for discounts and promotions for our clothes
and presents.
Aside
to that the holiday seasons on year end also affect to the incremental of
monthly spending, especially on December. A portion of the spending was spent
on my holiday vacations. I will probably share out the story of my vacations
once I settled down my stuff and compiled all the photos together.
